Nifty Bulls make another failed attempt to close above 10100

By | September 16, 2017 11:44 am

  • FII’s bought 1.5  K contract of Index Future worth 133 cores ,2.3 K Long contract were added by FII’s and 868 Short contracts were added by FII’s. Net Open Interest increased  by 3.2 K contract, so rise in market was used by FII’s to enter long and enter short in  Index futures. FII’s Long to Short Ratio at 1.38. Daring greatly requires worthiness
  • As discussed in last analysis   Nifty made another failed attempt to make new high as high made was 10127 but still 10030 was held as price is near gann angle for last few days big move is on the cards. till we are holding 10030 another attempt will be made towards new life highs and ultimate move towards 10250 which is an important gann resistance,  Bearish below 10030 for a move towards 9970/9930/9870. Low made today was 10043 so bulls protected 10030 but another failed attempt to close above 10100, Bulls need a close above 10120 for a new high and continue move towards 10150/10190/10250, Bearish below 10030 for a move towards 9970/9930/9870  Bank Nifty Bulls Continue to protect 24788,EOD Analysis

  • Nifty September Future Open Interest Volume is at 2.09 core with addition of 1 Lakh with decrease in  cost of carry suggesting short position were added today, NF Rollover cost @9910 Closed above it.
  • Total Future & Option trading volume at 4.1 Lakh core with total contract traded at 1.19 lakh , PCR @1.14
  • 10200 CE  is having Highest OI  at 48.8 Lakh, resistance at 10200 followed by 10100 .9500-10500 CE added 5.7 Lakh in OI so bears added major position  in range of 10100-10200 CE. FII bought 5.2 K  CE and 5.4 K CE were shorted by them. Retail bought 48.3 K CE and 29.1 K CE were shorted by them
  • 9900 PE OI@64.5 lakhs having the highest OI strong support at 9900 followed by 9800. 9900-10500 PE added 1.4 Lakh in OI so bulls added position in 9900-10300 PE,making strong base at 9900. FII bought 2 K  PE and 16.8 K PE were shorted by them. Retail bought 13.9 K PE and 16.8 K PE were shorted by them
  • FII’s bought 418 cores  and DII’s bought 125 cores in cash segment.INR closed at 64.08

Buy above 10095  Tgt 10120,10142 and 10187 (Nifty Spot Levels)

Sell below 10070 Tgt 10048,10025 and 10000 (Nifty Spot Levels)

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Category: Daily

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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